Ahead of the Curve

The lending environment is undergoing a worrying change. Funds that European direct lenders have raised but not yet deployed are at an all-time high and banks in most Western-European jurisdictions have renewed lending following years of reticence after the global financial crisis, leading to increased competition amongst lenders in the small and medium enterprise (SME) market.

“Susan’s appointment follows significant changes to the structure of operations, including the transfer of investment administration responsibilities to the partnership at the beginning of this year,” says Bill Main, chief executive officer of SWIP.

Ebenston joins from State Street Bank & Trust Company, where she spent three years in Australia and the UK. She was chief operating officer of State Street’s Australian business and director of business strategy in its London office.

Ebenston was also involved in the establishment of an agreement between State Street and Scottish Widows Group last year, in which all investment administration functions for the active fund range of the UK company was outsourced to the US firm.